AMETEK Acquires UK-Based Alphasense For Undisclosed Sum

AMETEK, Inc. AME has acquired Alphasense, a provider of gas and particulate sensors for environmental, health and safety, and air quality applications, for undisclosed financial terms.
Great Notley, Essex-based Alphasense designs and manufactures a broad range of technologically advanced gas detection sensors used in fixed and portable detection systems.
Alphasense, with annual sales of ~£25 million, will be joining AMETEK as part of the Electronic Instruments Group.
AMETEK held cash and cash equivalents of $358.68 million as of September 30, 2021.
Price Action: AME shares are trading higher by 1.58% at $138.66 on the last check Wednesday.